Is the Window Closing for a BOE Rate Hike in 2018?

The video discusses the potential for rate hikes in 2018, highlighting concerns about economic growth and mixed data since May. It examines the impact of oil prices on inflation and consumer income, and the challenges faced by the UK economy due to inflation and the fall in sterling. The Bank of England's focus on rebalancing from consumption to trade and investment is also explored.

What is the significance of oil prices in relation to inflation and consumer spending?

What changes does the Bank of England hope to see in the economy regarding consumption and trade?